Red Rock Resorts (NASDAQ:RRR) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Saturday, February 17th.
Several other research firms also recently issued reports on RRR. Deutsche Bank boosted their price objective on shares of Red Rock Resorts from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Zacks Investment Research downgraded shares of Red Rock Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. restated a “buy” rating and set a $33.00 price objective on shares of Red Rock Resorts in a report on Tuesday, November 28th. Bank of America boosted their price objective on shares of Red Rock Resorts from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Finally, BidaskClub downgraded shares of Red Rock Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $32.75.
Shares of Red Rock Resorts (RRR) traded up $0.06 on Friday, reaching $31.98. 378,269 shares of the company traded hands, compared to its average volume of 814,530. The company has a market cap of $3,710.00 and a P/E ratio of 25.18. Red Rock Resorts has a 12-month low of $21.07 and a 12-month high of $35.77. The company has a quick ratio of 1.38, a current ratio of 1.43 and a debt-to-equity ratio of 4.06.
A number of hedge funds and other institutional investors have recently bought and sold shares of RRR. UBS Asset Management Americas Inc. bought a new stake in Red Rock Resorts in the second quarter valued at about $250,000. Northern Trust Corp increased its stake in Red Rock Resorts by 110.7% in the second quarter. Northern Trust Corp now owns 730,074 shares of the company’s stock valued at $17,193,000 after acquiring an additional 383,520 shares during the period. Vanguard Group Inc. increased its stake in Red Rock Resorts by 16.0% in the second quarter. Vanguard Group Inc. now owns 4,831,772 shares of the company’s stock valued at $113,788,000 after acquiring an additional 666,099 shares during the period. California Public Employees Retirement System bought a new stake in Red Rock Resorts in the second quarter valued at about $212,000. Finally, Dimensional Fund Advisors LP bought a new stake in Red Rock Resorts in the second quarter valued at about $1,473,000. 63.24% of the stock is currently owned by institutional investors and hedge funds.
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About Red Rock Resorts
Red Rock Resorts, Inc is a gaming, development and management company. The Company’s segments include Las Vegas operations, Native American management, and Corporate and other. The Las Vegas operations segment includes all of its Las Vegas area casino properties and the Native American management segment includes its Native American management arrangements.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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